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Daily: Crude oil falls 8 % on pessimistic U.S. , worldwide demand outlooks
Crude oil prices declined for a fourth consecutive session on Tuesday and hovered near to 12-1/2-year lows attained last month, after weak demand forecasts from the U.S. government and the western world's energy watchdog, while weakness in equities markets also dragged down prices. Brent crude oil fell $2.56, or 7.8 percent, to settle at $30.32 a barrel. It was the biggest drop in a day for Brent since September 1. WTI crude eased $1.75, or 5.9 percent, to end at $27.94. It dipped to $26.19 previous week, its lowest since May 2003.
read more... 10/02/2016
Norway to overtake Russia as Lithuania’s first gas supplier in 2016
Lithuania will purchase more gas from Norway than from Russia in 2016 after concluding a number of supply deals with Statoil facilitated by its liquefied natural gas (LNG) infrastructure.
read more... 09/02/2016
RWE npower will cut UK household gas prices by 5.2%
RWE's British division npower intends to cut domestic gas prices by an average of 5.2 percent starting from March 28, as stated by the company on Monday.
read more... 09/02/2016
France inaugurates tender for wood-fired cogeneration plants
France will inaugurate a tender for wood-fired power plants for a total of 50 megawatt (MW) per year for three years and a tender for biogas-fired plants for 10 MW per year for three years, as stated by the energy ministry on Monday.
read more... 09/02/2016
Daily: European power futures hit a new record low pressured by weak carbon prices
Crude oil prices declined 3 percent on Monday, finishing down for a third consecutive day, dragged down by concerns that U.S. crude inventories have hiked to new record highs, while a Saudi-Venezuela meeting to spur prices showed no tangible progress. U.S. crude traded below $30 a barrel, ending down $1.20 at $29.69. Global crude benchmark Brent eased $1.18 to settle at $33.88.
read more... 09/02/2016